CARSON, CA-The purchase of the Coral Tree Business Center is part of the company's previously announced plan to buy $50 million of industrial property over the next year. The new portfolio member is a 94%-leased, three-building asset.

RANCHO CUCAMONGA, CA-The insurance firm signs a five-year lease, with a $5-million price tag, for the Atrium at Empire Lakes, marking what brokers say is one of the largest leases in two years in the Inland Empire.

CANOGA PARK, CA-Dropping rates to beat the market, 6800 Owensmouth goes from 59% to 96% leased as five tenants put final signatures to long-term leases at below-market rates for a lease-up in less than a year.

CAMARILLO, CA-Construction begins with buyers committed to half of the 65,000 sf of office space at the five-building Camarillo Springs Corporate Center. Designed for smaller business, the 12 units will range from 4,500 sf to 7,000 sf.

COSTA MESA, CA-Net Development Co. of Costa Mesa plans to develop the Baker/Airway Business Park along Airway Avenue, selecting Grubb & Ellis to market buildings ranging from 4,500 sf to 9,000 sf.

TORRANCE, CA-The Arlington, VA-based REIT closes one of the biggest retail deals in the West in the takeover of the 2.5-million-sf mall from developer, Guilford Glazer of LA. With the deal done, the REIT's talking about a $160-million redevelopment.

GLENDALE CA-The hamburger chain opens its first ever mall location at the Glendale Galleria in a 5,331-sf lease with a long-term commitment for a street-front location. The restaurateur's usual fare is there, except the drive-through, of course.

PALM DESERT, CA-With leases in three of four buildings, Investco Financial of Seattle is ready to add more product to the 40-acre, first phase of the Desert Business Park & Design Center. Construction also nears for 17 lots sold to owner-users.